Question: An eight - year maturity bond has a seven - year duration. Over the next year, maturity will decline by one year and duration will
An eightyear maturity bond has a sevenyear duration. Over the next year, maturity will decline by one year and duration will decline by:
one year.
more than one year.
years.
less than one year.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
